Marlborough Express

Vector boss calls for energy ministry


more co-ordination would be required, which could also require consolidat­ing some of the existing regulatory functions in the sector.

Currently, the Electricit­y Authority, the Commerce Commission, state-owned system operator Transpower and multiple ministries all have roles in the industry.

Consultant Boston Consulting Group released a report on Tuesday, which was funded by power companies including the main generators and Vector, and which estimated $42 billion would need to be invested in new generation and in electricit­y network upgrades in the current decade.

That investment would be required in part to meet the extra needs created by the greater electrific­ation of industry and transport and the phase-out of fossilfuel­led generation, it said.

But Mackenzie said regulation of the industry was ‘‘disjointed’’ with generation, retailing, the national grid, and local distributi­on networks managed in isolation of one another, leading to the risk of necessary changes ‘‘falling through the cracks’’.

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